The apartment prices could go down by 10% as a result of the new law on mortgage loans, at least on the short term, according to the Romania’s National Bank (BNR).

The law will have a negative impact on the value of the non-financial assets owned by population.

The real estate market has returned to the level before the international crisis, according to the BNR report.

In Romania, the growth in the real estate prices hasn’t exceeded the alert level established by the European Commission. The alert level has been exceeded in countries such as Ireland, Denmark, Malta, Austria, and Sweden.

editor@romania-insider.com